Asian Investment Conference 2021
CEO, New World Development Company Limited; Founder and Chairman, K11 Concepts Limited; Executive Director, Chow Tai Fook Jewelry Group Limited
Adrian Cheng is CEO of New World Development Company Limited, Founder and Chairman of K11 Concepts Limited, and Executive Director of Chow Tai Fook Jewelry Group Limited. He oversees the strategy and operations across the US$77.4 billion New World Development group. He is reinventing the 50-year old business by building a growing ecosystem of property development, infrastructure, healthcare, education, retail, hospitality projects and more. His vision in injecting sustainability, culture and innovation into his portfolio of businesses has led to several iconic projects in Greater China.
At 29 years old, Mr. Cheng founded the K11 brand, which intertwines art and commerce through shopping malls, offices and hospitality catering to Millennial and Generation Z consumers. His concept brand K11 is expanding its footprint to 38 projects across Chinese cities by 2025.
In 2019, Mr. Cheng launched Victoria Dockside – a US$2.6 billion cultural district that includes cultural-retail flagship K11 MUSEA, K11 ATELIER offices, K11 ARTUS luxury residence, and Rosewood Hotel’s first Hong Kong property. He also provides early-stage funding to technology start-ups and platforms that appeal to younger generation consumers, with several successful investments.
A graduate of Harvard University, he is the youngest person in Hong Kong to receive the Officer in the Order of Arts and Letters in 2017 by the French Government. He was listed by Fortune as a “40 Under 40” global business star and a “Young Global Leader” by the World Economic Forum in 2012.
Mr. Cheng’s dedication to creating shared value to connect business success with social progress has most recently won him the Shared Value Champion Award, becoming the first CEO in Asia to claim this title.